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Business, 06.05.2020 16:58 mayfieldashley2437

Jemisen's firm has expected earnings before interest and taxes of $1,600. Its unlevered cost of capital is 15 percent and its tax rate is 33 percent. The firm has debt with both a book and a face value of $2,700. This debt has a 7 percent coupon and pays interest annually. What is the firm's weighted average cost of capital

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